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is the forex market usually this slow?

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    is the forex market usually this slow?

    i realise this may not be the right area to post this, but i couldnt think where else to post it..

    this morning i put up charts of the 9 most popular forex pairs, 3 pairs on 240min charts with an accompanying 5min chart and the other 6 on 240min charts by themselves. i also put the basic, nt standard vol indicator on the 5min charts just to see throughput of volume..

    i was a bit surprised to see that the highest recorded volume today on the eur/usd was 137.. should i be multiplying this figure by a few million or is it because of the way the forex trades, ie not through a single exchange, that this number is low.. or is the market just very slow today?

    you can probably guess, i'm new to forex.. ;-)

    .m.

    #2
    Hello newbouldm,

    Thank you for your post.

    Which data provider are you using with NinjaTrader?
    KyleNinjaTrader Customer Service

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      #3
      hi kyle,

      i'm using the nt 'demo' through gain connection that can be created in the account connections wizard.. if that makes sense..

      .m.

      Comment


        #4
        Hi newbouldm,

        Thank you for your reply.

        I am seeing the same on my end, so it would appear that this is what the data from GAIN looks like.

        From my (limited) prior experience with forex, these results would seem fairly typical to me. With that said, you might contact GAIN to confirm this.

        In any case, the data you are receiving is as it should be.
        KyleNinjaTrader Customer Service

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          #5
          kyle,

          if thats the case, then thats fine with me..

          many thanks for your rapid responses, they're much appreciated..

          best wishes to you all at nt.. ;-)

          .m.

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            #6
            Because Forex is traded OTC and there is no exchange, the volumes shown are from that broker alone.

            If a person is trading the futures the volumes are much greater as they are centralized trading

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              #7
              hi daveM,

              thanks for that..

              .m.

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